Patel v Patel (Civil Case No. 110 of 1940)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
Held that money-lending transactions by an unlicensed money-lender are illegal and void under the Money-lenders Ordinance, 1932. Evidence is admissible under section 92 of the Indian Evidence Act to prove that the consideration recited in a bond was unlawful, thereby invalidating the bond. The defendant may adduce evidence to show that the bond was entered into by an unlicensed money-lender in the course of his business, rendering it illegal and void, not merely unenforceable.
Outcome
Preliminary point of law decided in favour of defendant; matter to proceed to trial on merits
Facts
The plaintiff sued on a bond for Sh. 13,439/65, alleging the defendant had defaulted on instalment payments. The bond recited that the debt arose from a partnership trading debt owed by the defendant and another partner to the plaintiff, and that the plaintiff had agreed to release the other partner from liability in consideration of the defendant personally undertaking to pay the full debt. The defendant did not deny executing the bond or defaulting on payments, but raised a defence that the plaintiff was an unlicensed money-lender at all material times, that the transaction was a money-lending one, and that the plaintiff had not complied with the Money-lenders Ordinance. The plaintiff raised a preliminary objection that the defendant could not adduce evidence to vary the consideration recited in the bond.
Issues
- Whether evidence is admissible to prove that the consideration recited in a bond was unlawful, thereby rendering the bond void.
- Whether money-lending transactions by an unlicensed money-lender are illegal and void under the Money-lenders Ordinance, 1932.
Orders
- Plaintiff's preliminary objection dismissed.
- Defendant permitted to adduce evidence that the transaction was a money-lending one by an unlicensed money-lender.
Rules and key headnotes
Legislation cited (4)
- Money-lenders Ordinance, 1932 s.5
- Indian Evidence Act s.92
- Indian Evidence Act s.91
- Money-lenders Act, 1900 s.2
Cases cited (5)
- Lodge v National Union Investment Company [1907] 1 Ch 306
- Victorian Daylesford Syndicate v Dott [1905] 2 Ch 624
- Bonnard v Dott [1906] 1 Ch 740
- Cohen v Lester (1939) 108 LJ KB 277
- Kilonzo wa Kanyanya v Odhavji Purshozani & Bros (1949) 16 KLR 44
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.